We're happy to.
It's an area of ongoing reflection for us, I would say, especially given the unprecedented scope and scale of the Russian sanctions. We see sanctions and sanctions evasion as an emerging threat for the financial system. We've seen that a lot of the hallmarks that are common to sanctions are also common to money laundering and financial crimes.
As you know, sanctions policy, especially as it relates to the Special Economic Measures Act, lies with Global Affairs. We've passed in past budgets and fall economic statements a number of amendments that would allow FINTRAC to play a bigger role in being able to leverage its intelligence products and in sharing that information with Global Affairs so they can target and identify sanctions evasion.
It's definitely an area of concern. That's another area where we would certainly welcome the committee's views, as it's looking to undertake its study, on the nexus between financial crimes and sanctions evasion.